Shaky African currencies worrying investors

Old Mutual’s Cavan Osborne says the issue of currencies is not a big risk as many people perceive it to be when investing into the continent.

“The currencies that are reasonably stable are either pegged to the euro such as Morocco, Tunisia and Mauritius while East and West African economies tends to follow what goes on with the US dollar,” Osborne the African equities manager told CNBC Africa.

He further said that most of the currencies over the last 15 years had depreciated one or two per cent with a few exceptions.